Organisation : Department of Immigration & Emigration
Facility Name : Golden Paradise Residence Visa Program
Applicable State/UT : Sri Lanka
Website : https://eservices.immigration.gov.lk/golden-paradise-visa.html
What is Golden Paradise Residence Visa Program?
Enjoy the long-lasting goodness of a paradise island through a Golden Paradise Visa. A long term resident visa program dedicated to investors to enjoy the benefit of the paradise island while contributing and reaping the benefits of the blooming economy. Investors and their families will enjoy the lasting benefits of this visa program.
Related / Similar Facility : Sri Lanka Resident Guest Scheme Visa Programme
Privileges:
The Golden Paradise visa holders can Invest, Live and Study in Sri Lanka
The investment could be in following sectors:
** Invest in a government approved investment
** Purchase a condominium property in Sri Lanka
** Obtaining lands and buildings on lease basis
** Purchasing of Sri Lanka Development bonds
Eligibility of Golden Paradise Residence Visa Program
** Open a Golden Paradise Foreign Currency Account (GPFCA) and deposit minimum of USD 200,000 in a local bank licensed by the Central Bank of Sri Lanka (Investor may withdraw up to 50% of the minimum investment amount after completion of the first year from the date of issuance of visa).
** Deposit proof documents confirm the fund transfer
** Police clearance report obtained by the country of domicile within 6 months
** Medical report from an authorized local hospital, clearing all applicants off of Malaria, Filariasis, Tuberculosis and HIV/AIDS
** A copy of the Bio Data Page of the passport
** For the spouse and dependents, Marriage Certificate, Police Clearance reports obtains from the country of domicile of the spouse and birth certificates of dependents.
** Completed Residence Visa application
** Completed Personal Particular Form
How To Apply For Golden Paradise Residence Visa Program?
Residence Visa application along with the aforementioned documents should be submitted to the Head Office of the Department of Immigration and Emigration
Validity Period:
10 years.
Visa Fee:
Visa fee USD 2000 payable for 10 years.
Cancellation of Visa:
Visa cancellation will be entertained by the department upon a written request. The investment will be released upon cancellation of the Golden Paradise Residence Visa of the holder, Spouse and dependents.
For Inquiries:
goldenparadise [AT] immigration.gov.lk
Investment Requirements:
** Open a Golden Paradise Foreign Currency Account (GPFCA) in a Sri Lankan bank approved by the Central Bank.
** Deposit a minimum of USD 100,000 initially.
** Maintain a minimum balance of USD 50,000 from the second year onwards.
Additional Notes:
** You can include your spouse and dependent children in your application.
** The visa is valid for 10 years and can be renewed.
** You can work and study in Sri Lanka with this visa.
** Seek professional guidance from an immigration lawyer or consultant for personalized advice throughout the process.